News / Features

Nearly half of Chicago homes for sale face bidding wars
Nearly half of Chicago homes for sale face bidding wars

“The slight decline in bidding wars (nationally) is largely a reflection of a seasonal cooldown, which typically starts in the late summer but was delayed by a few months this year,” said Redfin chief economist Daryl Fairweather.

Chicago home sales up 26.4% in September
Chicago home sales up 26.4% in September

“Buyers have begun to take to the city’s outskirts as serious options causing listings to struggle to keep up with demand.” — Mike Opyd, Broker/Owner, RE/MAX NEXT

First American: Homesellers playing ‘musical chairs’
First American: Homesellers playing ‘musical chairs’

Homesellers continued to sell homes to each other in September, making the market resemble a game of ‘housing musical chairs,’ according to First American chief economist Mark Fleming.

Chicago home prices up 10.3% from last year
Chicago home prices up 10.3% from last year

“If sky-high prices continue to lure more sellers into the market, it could prompt the inventory rebound we’ve been waiting for — which would be welcome news for frustrated buyers.” — Javier Vivas, director of economic research for realtor.com

New unemployment claims spike, though continuing claims fall
New unemployment claims spike, though continuing claims fall

Economic recovery slumps as initial jobless claims unexpectedly jump.

Is the flight to the suburbs a myth?
Is the flight to the suburbs a myth?

“Increasing house price appreciation in suburban zip codes points to higher demand relative to supply in the suburbs but does not necessarily indicate what’s fueling the demand,” the study notes. 

Pricing premium sagging for Trump-branded condos in Chicago, other locales
Pricing premium sagging for Trump-branded condos in Chicago, other locales

A Redfin analysis found that the Trump name no longer commands the same price premium it once did.

Homeowners in blue counties headed to red, swing counties
Homeowners in blue counties headed to red, swing counties

Redfin looked at the number of prospective homebuyers searching in the second quarter who wanted to change counties. Home search data revealed that 6.5% fewer people were looking for homes in blue (Democratic) counties than in swing or red (Republican) counties.

Bad reputation: How professionalism can help, or hurt, your brand
Bad reputation: How professionalism can help, or hurt, your brand

When it comes to professionalism in residential real estate, Frances Simons, designated managing broker at Baird & Warner’s Lake Zurich office, doesn’t pull her punches.

Jailhouse rocks
Jailhouse rocks

The listing has made headlines because of the 9-cell, fully functional jail attached to the rear of the structure.

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